Trumark Homes Announces Successful Sellout of PACE Development in Milpitas, CA

July 28, 2016

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Trumark Homes Announces Successful Sellout of PACE Development in Milpitas, CA

Transformative Builder Delivers 134 New Residences to Silicon Valley

Trumark Homes, a visionary next generation home builder, announces today the complete sellout of its eight-acre PACE development that includes 134 newly built homes designed to attract a range of buyers, including young professionals, couples and growing families in Silicon Valley.

“This is a momentous occasion that speaks to the strength of the Silicon Valley market and quality of homes the Trumark Homes team created at PACE. As we expand, we’re constantly striving to introduce innovative, high-value home offerings that resonate with the way that owners want to live,” said Trumark Homes co-founder Gregg Nelson. “When we identified the site, we knew the Milpitas location presented a tremendous development and investment opportunity. Northern California continues to be one of the most highly sought-after housing markets and will continue to be a key region for Trumark Homes.”

PACE includes two distinct communities – detached single-family homes at Velocity, and townhomes at Momentum. Both communities feature enticing design amenities rarely found in such an approachable price range, including 10-foot ceilings, expansive windows and decks, and available bi-folding doors. Developed in partnership with Resmark Land and Housing, a division of The Resmark Companies, PACE is the fourth project in Trumark Homes’ quickly expanding Silicon Valley portfolio.

“The success of PACE reflects Trumark’s superior execution, which is a signature of every investment in which we have joint ventured with them,” said Robert N. Goodman, CEO and Chairman, The Resmark Companies. “Resmark and Trumark enjoy a longstanding partnership, and we look forward to continuing the relationship in the future,” he added.

Located at the northeast corner of Montague Expressway and Trade Zone Boulevard, just a 10-minute walk from the future of Milpitas BART station and connected to a citywide trail system, Velocity at PACE and Momentum at PACE are situated near major regional employment centers and within the highly ranked Milpitas Unified School District. PACE offers a wide range of amenities for its owners including a playful, family-friendly tot lot with a bubbling fountain, a patio area with a fire pit, and two outdoor kitchens where residents can socialize and entertain family and friends. Momentum consists of 43 single-family three-story homes ranging in size from 2,225 to 2,489 square feet, and Velocity includes 91 single-family attached three-story townhomes ranging from 1,200 to 1,947 square feet.

This news comes on the heels of Trumark Homes launching sales at Fielding, a neighborhood subdivision within the Wallis Ranch master planned community currently under development in Dublin, CA by sister company Trumark Communities. The community recently received top honors recognition at the 2016 Building Industry Association (BIA) Bay Area Excellence in Home Building Awards where the Timber community received the “Multi-Product Community of the Year,” “Best Architectural Design – Multi-Family,” and “Best Signage” awards.

About Trumark Homes

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of master plan communities and new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com

About The Resmark Companies

Founded in 1995, Resmark is a fully integrated real estate investment group. The Resmark Companies’ divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Impact Ventures—finance, acquire, develop and manage real estate in California, the Western United States, D.C./Mid-Atlantic region, and other select major metropolitan markets nationwide. To date, Resmark has participated in more than 200 investments encompassing approximately 30,000 single-family and multifamily residential units, and has committed approximately $3 billion of capital. Headquartered in Los Angeles, Resmark also maintains offices in San Diego and Irvine, California and McLean, Virginia. For additional information, please visit www.Resmark.com